Centiva Capital LP Trims Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Centiva Capital LP trimmed its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 50.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,686 shares of the bank’s stock after selling 65,125 shares during the quarter. Centiva Capital LP’s holdings in Itaú Unibanco were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Itaú Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock worth $140,812,000 after purchasing an additional 489,873 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after purchasing an additional 2,604,304 shares during the last quarter. Haven Global Partners LLC bought a new stake in Itaú Unibanco during the fourth quarter worth about $3,284,000. Walleye Capital LLC lifted its stake in Itaú Unibanco by 5,310.8% during the fourth quarter. Walleye Capital LLC now owns 783,968 shares of the bank’s stock worth $3,888,000 after purchasing an additional 769,479 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Itaú Unibanco by 3.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after purchasing an additional 1,286,014 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ITUB. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a report on Monday, January 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $6.27.

Itaú Unibanco Stock Up 6.3%

ITUB opened at $6.61 on Monday. The company has a market cap of $71.26 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.89 and a beta of 0.76. The business’s 50-day moving average price is $5.67 and its 200-day moving average price is $5.29. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.62.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. On average, equities analysts expect that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco’s dividend payout ratio is presently 2.82%.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.